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Tepper buys Panthers, pending NFL approval

David Tepper and the Carolina Panthers announced an agreement in principle is in place to transition ownership from franchise founder Jerry Richardson pending NFL approval. Tepper will reportedly pay between $2.2 billion and $2.3 billion for the Panthers, an expansion franchise in 1995. Other bidders conceded Tuesday to Tepper’s final bid, which is well above the NFL-record $1.4 billion sale of the Buffalo Bills in 2014.
“I am thrilled to have been selected to be the next owner of the Carolina Panthers,” Tepper said in a joint statement distributed by the Panthers on Wednesday morning. “I have learned a great deal about the community ... (full story)